Tether’s strategic migration of USDT to the TRON blockchain has propelled the network’s growth and boosted the value of its native TRX token. The stablecoin supply on TRON has reached $81.77 billion, cementing the platform’s dominance in stablecoin transactions.
Historical patterns indicate that increasing USDT volumes on TRON correlate with upward momentum for TRX prices. This trend was notably observed during the 2021 bull market, when rising stablecoin activity preceded significant TRX appreciation.
TRON’s technical advantages, including high-speed processing and scalable throughput, alongside rapidly developing DeFi and NFT ecosystems, have contributed to its emergence as Tether’s primary settlement layer. The network’s efficiency continues to attract substantial stablecoin deployment.
In a decisive consolidation move, Tether will cease USDT redemptions across multiple legacy blockchains including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand effective September 1. This withdrawal signals a strategic shift away from underperforming networks.
The concentration of USDT supply on TRON is anticipated to reshape cryptocurrency market dynamics. Analysts predict this consolidation will enhance TRX’s liquidity profile and potentially amplify trading volume across digital asset exchanges.